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...﻿I. Introduction:
According to Baregheh et al, innovation is a multi-layered tool where ideas are converted into improved processes, or commodities, or results or services (2009). In a hyper- competitive environment, organisations rely on innovation as a vehicle to further advance, thrive, challenge, and maintain a comparative advantage over other organisations in the same field.
II. Discussion:
According to Humanitarian Innovation Fund, the Bessant and Tidd model of innovation are four intertwined complementary components, where positive change is necessary to secure a conducive environment for sustainable innovation in an organisation as follows (2014):
Position innovation where changes in the context of how clients perceive the product and how the product is communicated would push staff to further innovate. For instance, by safeguarding the social and ecological issues in the innovation product Iife-cycle (issues of child labour etc.), the organisation protects its credibility and guarantees future investments. Also, ensuring quality sustainable products will positively change clients’ perceptions, and prompt staff to innovate.
Process innovation that not only covers leadership styles, approaches, and corporate culture, but also the techniques:
With the participation of staff, management to develop a sustainable strategy with focused,...

...http://newbuckland.com/2013/04/29/5-core-principles-for-successful-innovation/
Uniliver is to become a globally innovative company
At Unilever we want to build and environment in every part of our business which will foster innovative thinking and action. We have looked at what our competitors and other industry leaders in their own fields are doing right and wrong and believe that we as a whole from the bottom up need to embrace innovation in everything we do. To see how important innovation is to being a successful business not just now but into the future we just need to look at the IT sector of Google and Facebook and how they are continually looking for new and innovative ways to grow and expand their individual company’s while also making our world easier. One of the most common catch phases of today for when you do know an answer to a question is “Google it”. We want Uniliver to be as much a part of people’s lives as Google has become through hard work and innovation.
What is the motivation for change/innovation in the company?
Companies which are concerned with their bottom line which should be most companies during these past 10 years of financial and business terminal should be concerned about innovation. NESTA research found that companies which launched a product innovation in 2004-5 experienced a...

...Advantages of Acquiring an Ongoing Business
1. Already operational normally leads to success
2. The time and effort to start a newventure is eliminated
3. Possibility of buying an on going venture @ bargain price
The next step
1. Business environment
2. Profits, Sales & Ratios
3. Business Assets ( Inventory, equipment, trademarks, goodwill)
Questions 2 Ask
1. Why is the business being sold?
2. What is the current state of the business?
3. What is the current condition of the inventory
4. What is the current state of the assets
5. What is the current state of the employees
6. Goodwill
7. Competition
8. How profitable is the company
9. Negotiation
Franchise
Franchising is an arrangement is which the owner of a trademark, trade name, or copyright has licensed others to use in selling goods and services.
Advantages
1. Training & Guidance
2. Brand name appeal
3. Proven track record
4. Financial Assistance
Disadvantages
1. Franchising Fees
2. Control of Franchise
3. Unfulfilled Promise
Copyrights
A copyright provides exclusive rights to creative individuals for the protection of their literary or artistic productions.
• Must be in tangible form
• Protected for the duration of the author’s life and 70 years after death; 95 publishers, 120 after creation
• Fair use doctrine
• Material can be used for non profit educational purposes....

...﻿
NewBusinessVentures
Written Assignment No Money
Olzhas Bekzhanov
Wilmington University
We always have opportunities that could be started with no money. When we don’t have money to start your business we also have to consider allot of things except that, but that doesn’t mean we don’t have any options, if we have right skills for that business, work ethic and marketing know-how. When we are starting our business with lack of finance, it’s always better to keep our current job. By retaining a reliable source of income, we stay on safe line, from the worry of not knowing how to cover regular expenses. If we are confident that we have a product or service people want, we don’t have to allow the lack of capital to deter us from our business goals. There are some of the ideas of business opportunities that we can start with:
Car cleaning and detailing
How many people do we know who have decent cars but drive around with buckets of junk in the backseat and French fries stuck to the floor mats? Allot. With a vacuum cleaner and a few cheap bottles of automotive cleaning products, we can offer to come to anyone’s home or work and make their cars interior like new. With busy lifestyle people probably will call us.
Dog walking service
If you love animals, there are plenty of people who will pay you to watch after their critters for a...

...Introduction/Background
After over five years experience working in corporations, four friends have a desire to start their own business because they enjoy creating music and saw the need for music training in downtown Toronto. The music academy would cater specifically to children ages 3-16 specializing in rock music genres preparing them in lessons for “voice, guitar, keyboard, and percussion so they can perform in their own bands”(Schwalbe 469). By offering specialized musical theory lessons to the children (public), the music academy can create a niche market segment and obtain a portion of the current musical retail/lesson market share currently share amongst Long and Mcquade, Cosmo Music, and Steve’s Music.
Business Objective
The music academy’s strategic goals include growth, expansion, dominating market share, and profitability. They must fully utilize each other’s strengths and weaknesses to begin the business. In order to meet these objectives, the team must cooperate, incorporate effective customer service, and use their passion for music towards teaching, while creating a diversified musical learning environment.
Current Situation and Problem/Opportunity Statement
Environmental scanning and market research yielded results that indicated that the music academy is currently positioned in a busy location with high traffic and opportunities include a need for specialized guitar lessons in the rock music genre....

...Sony Corporation
Business in New Asia
Prof. Wiboon
Meijuan Xu
overview of Contents
• Brief environmental analysis of the
company’s current situation
• Brief explanation of the decision(s)
facing them
• Brief recommendation of what they
should do
Overview of company
• COMPANY: Sony, a company founded in 1946 with one of the most famous
global brand names.
• SONY’S DNA: A distinctive will and drive to generate new value
• MAIN BUSINESSES: Sony operates primarily as a consumer electronics
firm. For many years Sony dominated the consumer electronics market:
from Sony Walkman to its Trinitron TVs, Sony innovations in the consumer
electronics space were unparalleled. It was organized around three largest
business divisions: electronics, entertainment, and financial services.
• EMPLOYEES: Sony in 2013 was an enormously complex company
employing 146,000 employees.
• PERFORMANCE: Due to its complexity of the corporate structure, fell from
market dominance, and loss of focus, Sony’s financial and operating
performance are both not satisfying. Now Sony is losing money in its
consumer electronics business and is having bottom-line success in its
entertainment business.
Situational Analysis
Situational
Analysis
Sony consumer
Electronics
Sony
Entertainment
Internal Analysis
• Global brand
name
Strong financial
support from banks
• Poor financial
performance
Lost dominance
•...

...SEMESTER 2013
BMNV5103 – NEWVENTURE DEVELOPMENT
ASSIGNMENT (60%)
OBJECTIVE:
The assignment is intended to foster the following objectives:
i. Improving your critical thinking and application skills.
ii. Identifying various sources of financing for different stages of small business development
iii. Conducting a brief research and case study analysis on how a small business acquires and fulfils its financial needs and preferences in different stages of business operation.
iv. Combining knowledge from other courses with the new material presented in the course to develop sophisticated analyses and solutions to pursuing financial solutions in today’s fast-paced, global, and highly competitive macro environment.
INSTRUCTIONS: ANSWER ALL QUESTIONS. SELECT A BUSINESSVENTURE A CASE ANALYSIS
QUESTIONS:
1. Many scholars believe that “there is a strong connection between the growth potential of a venture and the quality of its management team”, (Timmons and Spinelli, 2009). Describe what is meant by “management team” philosophy and attitude of entrepreneurial ventures that will eventually contribute to businessventure growth
[15 marks]
Many scholars believe that “there is a strong connection between the growth potential of a venture and the quality of its management team”,...

...INTRODUCTION
“A newventure is a company established to commercialize the technology or innovation that was created”(http://www.ipadvocate.org/assistance/terms/index.cfm#N, 2012). In this is case, six individuals created a vibrant group that worked together as an entrepreneur and focused on the formation and the success of the new organization named, ‘RR Financials’.
The computer software business started with a bank balance of £10000. It endured a rough start but eventually started making sufficient sales and profits. At the end of the first year, it made a net profit of (£382) with a bank balance of £7,607. In the last month of the second year the business obtained a net profit of (£662) but a greater bank balance of £19,373. We also experienced bankruptcy for two months during the second year but overcame it quickly. Our closing bank balance at the end of the third year was £24,293 and we managed to make a net profit of £6,211 along with generating sales of a total value of £26,845 in the last month of December 2015.
Within this report, I will attempt to explain the decisions and choices made by the team by regarding the three years individually and delivering my information in clusters. I will also provide a detailed conclusion stating the blunders made during the three years along with ways the business could have turned out better in the real world.
YEAR ONE
One...

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